Zhejiang Zhenshi New Materials Co (SHSE:601112) Beta: N/A (As of Jul. 17, 2026)

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SHSE:601112 Zhejiang Zhenshi New Materials Co Ltd SHSE:601112
11 GF Score
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What is Zhejiang Zhenshi New Materials Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-17), Zhejiang Zhenshi New Materials Co's Beta is Not available.

Zhejiang Zhenshi New Materials Co  (SHSE:601112) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)

Zhejiang Zhenshi New Materials Co Beta Related Terms

Zhejiang Zhenshi New Materials Co Beta Historical Data

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The historical data trend for Zhejiang Zhenshi New Materials Co's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Zhejiang Zhenshi New Materials Co Beta Chart

Zhejiang Zhenshi New Materials Co Annual Data
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Zhejiang Zhenshi New Materials Co Quarterly Data
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Beta Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00
SHSE:601112
11GF Score
Zhejiang Zhenshi New Materials Co Ltd SHSE:601112
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhejiang Zhenshi New Materials Co Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.

Zhejiang Zhenshi New Materials Co Business Description

Address No. 1 Guangyun South Road, Tongxiang Economic Development Zone, Zhejiang Province, Tongxiang, CHN, 314500
Zhejiang Zhenshi New Materials Co Ltd is engaged in the research and development, production, and sale of fiber reinforcement materials for clean energy applications. Its activities include the manufacturing and sale of fiberglass, glass fiber reinforced plastic products, high-performance fibers and composites, as well as related power electronic components. The company specializes in the research and development, production and sales of high-performance fiber weaving, thermosetting and thermoplastic composite products. The products are used in new energy wind power, solar photovoltaic, new energy vehicles, transportation, building materials and home furnishings.
11GF Score

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Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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